Devon Energy (DVN) Tax Rate (2009 - 2026)
Devon Energy (DVN) posted Tax Rate of 121.91% for Q2 2026, up 201.13 percentage points from -79.22% a year earlier and up 127.77 percentage points from the prior quarter.
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Analysis
Devon Energy (DVN) Tax Rate (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Rate at Devon Energy was -51.54%, down 10.26 percentage points year-over-year; for FY2025, it was -30.08%, up 24.19 percentage points from FY2024.
- Annual Tax Rate shows a five-year change of -47.78 percentage points (FY2020 to FY2025).
- In prior years, Devon Energy's Tax Rate was -54.26% in FY2024 (+786.74 pp), -841.00% in FY2023 (-863.35 pp), 22.35% in FY2022 (+20.11 pp) and 2.24% in FY2021 (-15.46 pp).
- The Q2 2026 figure stands as the highest quarterly Tax Rate since Q4 2023.
- On a year-over-year basis, Tax Rate has increased in each of the last six quarters, with an average year-over-year change of -108.98 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Tax Rate in the past five years was Q3 2023, with a gain of 610.41 percentage points; the weakest was Q3 2024, with a drop of 779.07 percentage points.
- According to Business Quant data, Tax Rate for the three prior quarters was -5.87% (Q1 2026), -24.77% (Q4 2025) and -33.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.37 Bn | 698.85 Bn | - | 23.39% |
| 2 | Chevron | 447.03 Bn | 419.15 Bn | 33.45 Bn | 26.95% |
| 3 | Shell | 311.74 Bn | 241.49 Bn | 30.13 Bn | 31.41% |
| 4 | TotalEnergies SE | 199.41 Bn | 79.99 Bn | 61.77 Bn | 20.57% |
| 5 | Conocophillips | 177.38 Bn | 150.08 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 119.42 Bn | 33.88 Bn | - | - |
| 7 | Phillips 66 | 117.61 Bn | 105.40 Bn | 8.38 Bn | 21.97% |
| 8 | Canadian Natural Resources | 113.68 Bn | 110.69 Bn | 8.84 Bn | 18.22% |
| 9 | Suncor Energy | 96.31 Bn | 82.06 Bn | - | - |
| 10 | Devon Energy | 46.83 Bn | 46.83 Bn | 5.54 Bn | 121.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 121.91% |
| Dec 31, 2023 | 480.36% |
| Sep 30, 2023 | 633.33% |
| Mar 31, 2023 | 513.95% |
| Dec 31, 2022 | 22.47% |
| Sep 30, 2022 | 22.92% |
| Jun 30, 2022 | 22.32% |
| Mar 31, 2022 | 21.16% |
| Dec 31, 2021 | 9.03% |
| Sep 30, 2021 | 12.45% |
| Jun 30, 2021 | 14.14% |
| Sep 30, 2019 | 28.42% |
| Jun 30, 2019 | 31.05% |
| Dec 31, 2018 | 21.73% |
| Sep 30, 2017 | 6.28% |
| Mar 31, 2017 | 2.56% |
| Dec 31, 2016 | 98.40% |
| Sep 30, 2016 | 14.52% |
| Dec 31, 2014 | 230.24% |
| Sep 30, 2014 | 37.06% |
API Access
Devon Energy Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "DVN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();